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EURO, Euro Currency Discussion
mullokintyre
post Posted: Feb 3 2021, 08:24 AM
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In Reply To: macdtrader's post @ Feb 2 2021, 08:57 PM

Could be wrong Mac, but I reckon you posted this in the wrong thread.
Mick



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macdtrader
post Posted: Feb 2 2021, 08:57 PM
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In Reply To: mullokintyre's post @ Apr 21 2015, 10:42 AM

Dipped my toes in today at 6.1c.
Proven deposit which is likely to increase in size after the next round of drilling
and in a great location. Should bounce strongly.
13c high 2 weeks ago. Looks good for a trade or hold.

 
mullokintyre
post Posted: Apr 21 2015, 10:42 AM
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Last night I sold out of my European holdings - Volkswagen, Red Electrica, and Bpost13b.
The risk of a Euro collapse is getting to big for me to bother chasing further returns.
Been a good run though.
BPOSt was break even, but the other two have been well worth the investment.
Just need now for the AUD to tank against the Euro before I repatriate the mula.
Now just need somewhere or something else in which to invest.

Mick






--------------------
sent from my Olivetti Typewriter.
 
triage
post Posted: Apr 12 2014, 12:32 PM
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In Reply To: triage's post @ Apr 12 2014, 10:20 AM

oops my bad .... the northern hemisphere is of course heading into their summer-time and Uncle Vlad is now saying that Russia will not cut off gas to and through Ukraine. But no doubt the line that Vlad is running today could change as circumstances change wink.gif .

http://www.abc.net.au/news/2014-04-12/russ...espite-/5385824



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"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog
 
triage
post Posted: Apr 12 2014, 10:20 AM
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A bit of opinion and analysis from Tyler Cowen and also the FT: neither seem convinced that the ructions in Europe and over and resolved despite the recent period of relative stability.

http://marginalrevolution.com/marginalrevo...-on-europe.html

So we have elections for the European parliament next month as well as those in Ukraine at the end of May.

http://en.wikipedia.org/wiki/Ukrainian_pre..._election,_2014

I feel fairly confident that Czar Vlad will be doing his utmost to use the occasions to destablise things at the very least (an overt incursion into Ukraine by Russian forces in the next several months remains a real possibility imo but he may well be able to inflict sufficient pain by way of covert and indirect means).

I heard ex-US Secretary of the Treasury, Hank Paulson, the other day asserting that the Chinese told him that during the worst of the financial crisis in 2008 the Russians had suggested to the Chinese that they join together to crash the US financial system but the Chinese much preferred to work with the Americans to stabilise things (I suppose partly because the Chinese were so committed to the international system as it stood then). I would not be surprised if the Russians grasp the opportunity that presents itself now as the northern hemisphere heads into winter and there appears to be a rise in extremist political movements across Europe.



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"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog
 
marketwinner
post Posted: Aug 20 2013, 06:46 PM
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In Reply To: flower's post @ Aug 20 2013, 01:05 PM

http://www.bloomberg.com/news/2013-08-19/e...ces-report.html

Euro Near Week-High Before PMI Reports; Rupee Slides to Record

 


flower
post Posted: Aug 20 2013, 01:05 PM
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In Reply To: wren's post @ Aug 20 2013, 11:08 AM

So flower,you are saying the that the Fed will not raise interest rates because the USD and US economy are not strong enough.
Apparantly the longer term interest rates are already rising, however if we use the base rate, no I do not believe the FED will raise those rates for some time, remember they are now effectively minus 2.5%, (depending on how you read US inflation) so to reach our positive 2.5% base rate seemingly can never happen, so what long term (in decades) chance does the USD stand?


This something of mixed metaphor from an economic perspective ,something you tend to specialise in.

Do you actually think the Fed would raise rates to weaken the USD?
Do I think the FED want to commit immediate suicide? NO of course not they will simply keep manufacturing money until armaggedon strikes--IMO!---so to put it in a nutshell the FED under Greenspan first and now Bernanke have painted themselves into a corner which is going to be virtually impossible to escape from without a near civil war in the US, the population is wedded to easy money with NIL interest rate attached.



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Combining Fundamental comments with Fundamental charts.
 
wren
post Posted: Aug 20 2013, 11:08 AM
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In Reply To: flower's post @ Aug 20 2013, 10:02 AM

"or the simple reason the US economy and the USD are not strong enough."

So flower,you are saying the that the Fed will not raise interest rates because the USD and US economy are not strong enough. This something of mixed metaphor from an economic perspective ,something you tend to specialise in.Do you actually think the Fed would raise rates to weaken the USD?

 
flower
post Posted: Aug 20 2013, 10:02 AM
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In Reply To: mullokintyre's post @ Aug 20 2013, 07:27 AM

QUOTE
If the Fed turns off the spigot, money will be taken out of the US Stock market, and the Euro will be one of those favoured.


Hi Mick, we are about 48 hours away (via the minutes of the last FOMC meeting due out Wednesday US time) from discovering if the FED will in fact turn off that spigot at their next meeting, IMO they will NOT even indicate that QE will even be eased for the simple reason the US economy and the USD are not strong enough.

We will find out soon enough whose bet will pay off, long EURO short gold or vice versa icon14.gif



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Combining Fundamental comments with Fundamental charts.
 
mullokintyre
post Posted: Aug 20 2013, 07:27 AM
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From the daily reckoning

QUOTE
U.S. Global's portfolio manager Tim Steinle is usually soft-spoken and mild mannered, so our ears perked up when he recently belted out, "Europe is rocking!"

After a lengthy period of stagnant growth and lackluster results, the gradual crescendo of improving economic data that have been coming out of Europe lately certainly command attention.

As our resident expert on the European economy, Tim has been listing several economic indicators that were turning positive during the investment team's morning meetings. While our entire team keeps track of the economic data and political policies of all the developed G-7 and emerging E-7 countries in the world, Tim keeps his finger on the pulse of European countries at all times in his hunt for outsized opportunities for the Emerging Europe Fund (EUROX).


I have taken positions in two euro stocks. VW and Red Electrica.I expect capital gain as well as currency gains.If the Fed turns off the spigot, money will be taken out of the US Stock market, and the Euro will be one of those favoured.

Mick



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sent from my Olivetti Typewriter.
 
 


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